Public Sector Pension Investment Board Acquires 5,974 Shares of World Acceptance Corporation $WRLD

Key Points

• The Public Sector Pension Investment Board increased its holdings in World Acceptance Corporation by 74.7%, now owning approximately 0.24% of the company, valued at $1.77 million.
• Insider Daniel Clinton Dyer sold 4,704 shares of World Acceptance stock, leading to a 9.92% decrease in his ownership, while company insiders currently own 41.60% of the stock.
• World Acceptance's stock recently opened at $163.52, and the company reported an earnings miss of $0.25 EPS against analysts' expectations of $2.44.

Public Sector Pension Investment Board lifted its stake in World Acceptance Corporation (NASDAQ:WRLD - Free Report) by 74.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,971 shares of the credit services provider's stock after purchasing an additional 5,974 shares during the quarter. Public Sector Pension Investment Board owned 0.24% of World Acceptance worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of World Acceptance in the 1st quarter worth $1,356,000. Invesco Ltd. raised its position in World Acceptance by 4.7% in the 1st quarter. Invesco Ltd. now owns 20,685 shares of the credit services provider's stock worth $2,618,000 after buying an additional 929 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of World Acceptance by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 349,238 shares of the credit services provider's stock valued at $44,196,000 after acquiring an additional 7,429 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of World Acceptance by 37.8% during the 1st quarter. Royce & Associates LP now owns 11,762 shares of the credit services provider's stock valued at $1,488,000 after acquiring an additional 3,227 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of World Acceptance in the first quarter worth approximately $402,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of World Acceptance from a "strong-buy" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.00.

Insider Activity

In related news, insider Daniel Clinton Dyer sold 4,704 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $159.50, for a total transaction of $750,288.00. Following the completion of the transaction, the insider directly owned 42,714 shares in the company, valued at approximately $6,812,883. The trade was a 9.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Darrell E. Whitaker sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $155.73, for a total transaction of $389,325.00. Following the completion of the sale, the director directly owned 5,074 shares of the company's stock, valued at $790,174.02. This represents a 33.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,656 shares of company stock valued at $1,211,983 in the last ninety days. Corporate insiders own 41.60% of the company's stock.

World Acceptance Stock Performance

Shares of World Acceptance stock traded down $0.20 on Monday, hitting $172.01. 12,963 shares of the company's stock were exchanged, compared to its average volume of 38,529. The company has a debt-to-equity ratio of 1.10, a quick ratio of 17.83 and a current ratio of 17.83. The stock has a market capitalization of $937.45 million, a PE ratio of 11.61 and a beta of 1.33. World Acceptance Corporation has a 1 year low of $104.99 and a 1 year high of $177.25. The company has a 50-day simple moving average of $164.65 and a 200-day simple moving average of $146.08.

World Acceptance (NASDAQ:WRLD - Get Free Report) last announced its earnings results on Thursday, July 24th. The credit services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($2.19). World Acceptance had a return on equity of 18.95% and a net margin of 14.29%.The company had revenue of $132.45 million during the quarter, compared to the consensus estimate of $122.38 million. As a group, equities analysts anticipate that World Acceptance Corporation will post 14 EPS for the current year.

World Acceptance Company Profile

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.